What history has taught everybody is that protectionism did not help any country in the long run, so im optimistic that well see a continue ways of free trade, because politicians and countries understand this is a better recipe for success. A stateled slump. Shares in edf sink to the bottom of the stoxx 600, after the french government announces a 92 million euro share sale in the energy giant. Britains upper house of parliament confounds the brexit bill, giving lawmakers the right to actually hand back some of the rules and change the final terms of the brexit deal, this as chancellor Philip Hammond delivers an upbeat Economic Assessment of the uk. Good morning, everybody. Welcome to the show. Were halfway through the week. A lot going on. Its budget day. Exactly. Doesnt mean much to the rest of europe, but here its a big deal. Its a huge deal. Also because weve been doing so well in terms of the economic outflows that weve had or inflows since the brexit vote. So has anything change
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me. Lets check in on the Global Markets. After another small rally for stocks yesterday. The strength continues off the back of the election, ahead of the ecb meeting tomorrow. Dow futures up, along with the s p and nasdaq. Higher yields have been driving a lot of the action and strength in banks for instance. 2. 37 is where we are now. Backing up just a bit. Well see where we go through the morning. Lets look at european equities. Strong monday, strong tuesday. Again those first positive starts to the week because the fall out from the italian referendum was thought to be less bad than some initial fears. They are continuing strongly today. As you can see, up over 1 . This now based on the hopes that the ecb will ease policy a little bit more given the political pressures across the region. As you can see, about 1 of gains. The ftse 100 up 1. 3 . The pound is soft this mornin
We are seeing a clear risk aversion as the german bond yields are ever lower and the ecb buying Corporate Bonds. Tom we have some financial work with the yields lower. That began yesterday morning and it is grinding ever lower. We have the political news in the United States. Francine a packed day. It was a history making night for Hillary Clinton. She declared herself the winner in the race for the democratic president ial nomination, taking her the first woman to run as a candidate of a major u. S. Party. Tonight, victory is not about one person. It belongs to generations of women and men struggled and sacrificed and made this moment possible. Shery clinton won three of the six states that held primaries or caucuses tuesday, plus she has a big lead in california. Meanwhile, Bernie Sanders says he is not giving up even though the math does not look good. He is said to meet with president obama tomorrow, who called clinton to congratulate her. Another car bomb attack in turkey and it a
Now. Good morning and welcome to World Wide Exchange on cnbc. Im sara eisen alongside don chew. Lets check on the Global Market this is morning. Breaking the nasdaq winning streak we saw some raem declines yesterday in u. S. Stocks and looks like the selling continues this morning sort of in a marginal way. Dow futures down 20, s p down 3. Nasdaq down nine. Wall street cover story leads with a earnings report. Big Companies Like mcdonalds and starbucks. Whats interesting again were talking about a market thats been down like you said seven straight days. We havent seen any pri siptous drop. Were not seeing any kind of panic. Slow and steady. Decline for stocks in the u. S. As for the 10year treasury note yield weve seenle it around the world starting in japan the last 24 hours or so continuing into the u. S. , 1. 53. Some selling pushing yields higher. See how we go. Big government jobs report on friday. Absolutely. At least with the european side of things, the germ dax off t. The cac
This is countdown to live from london. It is just after 6 00 here in london. We knew that today was good to be all about Central Banks. We thought we would focus more on the ecb. Turns out, we have surprise out of new zealand. The surprise rate cuts from the new zealand bank, what did to the Government Bond twoyear yields, currency falling as a result of the surprising move. Thethe central bank cites Global Economy for doing this, further easing may be needed to meet weakness in the economy. It is ecb day, and we have people focused even more so on that scene. Let us check in on the radar. One central banker decided not to give further stimulus to markets, it was the south korean central bank. The south korean currency is increasing after the bank of korea gave no change to its Interest Rates, against all 31 major peers this morning. At this in on oil prices, at 38. 21 on nymex. But that was after some real strength yesterday, the wdi up by 4. 9 in yesterdays session in new york. And b